Gulf Hotels Group swings to $5.57mln net profit

Gulf Hotels Group (GHG) has achieved net profit of BD2.123 million during the first quarter of 2022 compared to a loss of BD207,119 in the first quarter of the previous year, with an increase of BD2.330m. Earnings per share were 9 fils compared to a loss of 1 fils in the first quarter of last […]

Bahrain-based Bank ABC Q1 net profit rises 3% to $31mln

based Bank ABC (Arab Banking Corporation) has posted a $31 million Q1 net profit attributable to the shareholders of the parent company, which is 3% higher on the $30 million of the same period last year. With cost of risk returning to pre-pandemic levels, it suggests a better economic outlook and the resilience of the […]

Bahrain’s Batelco approves $132mln dividend for 2021

The 42nd Annual General Meeting (AGM) of Batelco, Bahrain’s leading telecom provider, approved the recommendation of the Board of Directors for a full year cash dividend of BD49.8 million ($132.1 million). The dividend is at a value of 30 fils per share, of which 13.5 fils per share was already paid during the third quarter […]